Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-05-04

80 NlA4N8 u AMMALA - - 49, = -
Tines b. bad got the basis of bis great
wealth IN fer worse tinHes lhan eness
aad then obtained additional prospsfitF
from tke happy situatiso whseh better
men had created.
Ths Rrss1 event for al he Ncrta-
western States was ths Civil War, wh1eh
edacated thai drs9 Rsnerafiou uhich
had not beea 70 school S1ch men -
GoEeKnog Raak ca@s cut 81 TIE wAF
pnblie heFeaa. Mitahsil Femained merely
ne anaaeisx q that Fsgioa. nc IonRef
NTH haak d Issue. bnt Win anoebaE
kind Of bark Of iss1e-ths Railroad
stock issuiaQ system. He bad
LITTLz BrKM 81 nAunoAD
To begin With, partly made, perhaps,
With public hsip o. STATE assistance.
H nursed tk5s ~ be had doBe his bank
Of issue, agd his saFTsney began 70 be
sod IN Wall street and London. He
would efoss The water nsw and tben %
use the Telegraph capaeiouaiy. when
ever o eommunity brought cut q new
BIT Of railroad the Mitchell est, which
vs. vatehif & the hois whence & issasd,
ass Il %. Nee towns arose through the
honest aseembiaQe Of Immigrants Or the
ansemhlaae Of manufaatuFian and otheF
purposes. and MitchelI's railroad slipped
along and got abreast Of them.
~ last the Nil8Aukee and 81 Pau
system was recognized ~ psFAaps The
most purely speculative property IN
America. lie supporter had the audsei-
~ Of all supporters Of illeaitimaie
lions, WHISTLER IN kiaRcraft OF railroad
craft. They pointed b the fact THAI the
NsFth- western RailEoad bad lie ups and
dovna. thai Il bad too much stoe /, thai
is was sot worth any more. according
10 the amount Of water and whisky
poured into IL. than the Milwankes
and Sc. Paul, watch vas away
q N In the quotations. In thai
way you Sc some actress crawl
along and challenge an historical con-
petitOF; ron sec asune lecturer assume 10
cover The Geld Of IngeFsoll % @ JuRh.
The Milwaukee RlilFoad followed the
along e. q coach dog fol-
lows carriage and span.
The Northwestern Railroad and SINH
laF properties built up the city Of Obi
oaeo; as Chicago compares With MI
yankee, 20 may ono Of these railroads
be said 70 stand beside the other.
Mitchell had eig ofhoe in New York,
and q host Of maRnatss Of lesser degree
around him, and there be carefully Kept
ont Of the quotations., slipped behind
the scenes, pushed other men forward
and woFked his property along.
BoMK or HIs METHODS
Were genuine, and nov and then he
would execute q real achievement In
building and extension. There
IL no doubt thst be made the State Of
Wisconsin Q prime factor In modern
and vas himself the most
eminent hnanoieF In the State. Some
persons thought be had an exceptional
common sense. 10 always seemed TO me
that bis sullen silence. when his politi-
cal competitors we're RAINING the
country. showed that kis Judgment ap-
proved what they were doing. while his
personal pique may not have been
ailayed Canada 10 full Of men like
Mitchell; similar men aboand in Aus
tralia. The Scotch hnlnciers in Lon
don are regarded somewhat a. the
ancient Yankee used 70 be regarded Ia
the Middle States.
have already mentioned the name Of
John Law, who was one of their finan-
eiers. Alexander Hamilton, who had
never been in Scotland and had q great
admiration fer the British nation aud
its institutions,
CUT LOOSE
Altogether from then In his general
manufacturing system, aad Hamilton's
ability In every other field affords fair
ground for g humble American to look
upon the tariff and manufacturing sys-
tenn with at least respect. He protected
10 While the first Secretary Of the Treas
ury, when In the splendOF Of his think
ina powers and while possessed Of prob
ably as muoh information about the
resources of the United States a. any
living person. He loved money, had
remarkable sense In getting il, went 10
Congress, took q small interest in It's
operations except IS they concerned
himself, and be lived to be the center of
q mighty system of railroad, which bis
supervision partly made, and It's benef
oenos extended 10 many thousands of
millions. yet be seemed 10 me to lack
the bright and benevolent quality Of
our own successful Americans, like Jay
Cooke, She could fail and be raiued,
aud still, by their sanguine patriotism,
esaAA NoAAy A0AN0u4 w tuctN aAAc anu
turn her head.
Mr.. Mitchell Il said to have left at
least so, 000, 900. some think be has left
100000. The development Of the
North western States
MAINLY 81 PooR PEOPLE
And by the money makers from the old
Western States has given Mitchell, in
recent times. almost a. great 80 oppor
tanity as Vanderbilt had In 1865. In
deed. be was riding on the pony along
aide Of Vanderbilt. fos william Wander
hilt and bis sons tooh hold Of the North
western Railroad 81 Henry Keep and
others had done before them, and voFk
ed II up by real facts 70 she standing Of
q mighty property. Mitchell gained one
peg every time these other men gained
svo pegs. II they said that their prop
erty vas worth par he maintained that
bis, " not 0nly half ~ valuable, vas
worth three quarters Of par. In the his
tory OF Wisconsin Alexander Mitcht II
viii stand somewhat like Stephen Cir
aid in the financial history Of Pennsyl
vania. hope thai when his will is
opened II will be found that be has
something AGerican aboat bis Seotsh-
mess; that he has already seen the IN.
cooseqnentiality Of ons's own children